Tuesday, November 3, 2009

Three reasons to root for the Yankees

Here are my top three reasons to root for the Yankees to win the World Series

1. If the Yankees win history tells us that it will turn the economy around


From the Wall Street Journal:
"Since 1930, the Yankees -- who would clinch their 27th World Series trophy with a win tonight -- have been a harbinger of average 5 percent GDP growth in years following a series victory."

and

" Win or lose, just an appearance by the Yankees in the World Series seems to foretell the next year’s growth. The economy grew an average of 4% in years after the Yankees lost the World Series. We’d also note that the last time the Yankees played the Phillies in the World Series (the Yankees won in four games) the economy grew a robust 7.7% the following year."

Read the whole things here:
http://blogs.wsj.com/economics/2009/11/02/yankees-world-series-victories-boost-economic-growth/



2. If the Phillies win history tells us we are headed to more financial hardship

From the Philadelphia paper The Intelligencer
"The 2008 champion Phillies sparked the current economic turmoil and unemployment spike. Just as the Phils concluded their September run last year to overtake the Mets, the Dow Jones lost 778 points in the biggest single-day point loss ever, knocking out $1.2 trillion in market value"

And

"The annual deficit has increased by $1 trillion since Brad Lidge struck out Tampa Bay's Eric Hinske to clinch the 2008 World Series. With the team poised for another crown, President Barack Obama, the most famous White Sox fan, was asked about providing a potential bailout to the Yankees to thwart the Phillies attempt at baseball domination and economic annihilation.
"Hey, look over there, it's Fox news," the president replied.

Read the whole thing here: http://www.phillyburbs.com/news/local/the_intelligencer/the_intelligencer_news_details/article/27/2009/october/28/when-phillies-win-economy-loses.html


3. The Biggest Reason

Derek Jeter
enough said

No comments:

Post a Comment